Lido Advisors LLC Raises Position in D.R. Horton, Inc. $DHI

Lido Advisors LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 48.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 52,862 shares of the construction company’s stock after buying an additional 17,220 shares during the period. Lido Advisors LLC’s holdings in D.R. Horton were worth $7,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DHI. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $26,000. Sound Income Strategies LLC purchased a new position in shares of D.R. Horton during the fourth quarter worth about $27,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $30,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DHI shares. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Barclays increased their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday. UBS Group lifted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $168.17.

D.R. Horton Stock Performance

NYSE:DHI opened at $146.49 on Friday. The business has a 50 day moving average of $150.84 and a 200 day moving average of $150.37. The company has a market capitalization of $41.54 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.24 and a beta of 1.36. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.64 and a quick ratio of 0.97.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm earned $3.36 earnings per share. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.54 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 17.13%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.